PC Jeweller shares witnessed significant momentum in Monday's trading session, surging up to 7% following the company's strong Q3FY26 business update and strategic partnership announcement with the Uttar Pradesh government. The stock reached an intraday high of ₹10.32 and was trading at ₹10.09, representing gains of over 5.50%.

Strong Financial Performance Drives Market Confidence

The company delivered robust standalone revenue growth of approximately 37% year-on-year during Q3FY26, driven by strong consumer demand during the ongoing festival and wedding season. This performance reflects PC Jeweller's ability to capitalize on seasonal opportunities and maintain its market position in the competitive jewellery sector.

Significant Debt Reduction Progress

PC Jeweller has made substantial progress toward achieving its debt-free status target. Since executing the Settlement Agreement with banks in September 2024, the company has successfully reduced its outstanding debt by approximately 68%. The financial restructuring shows remarkable improvement in the company's balance sheet position.

Strategic Partnership with Uttar Pradesh Government

PC Jeweller has formalized a significant partnership through a Memorandum of Understanding with the CM YUVA Mission under the Department of MSME and Export Promotion, Government of Uttar Pradesh. The company received approval for establishing 1,000 jewellery retail franchisee units across the state under the Chief Minister – Yuva Udyami Vikas Abhiyan initiative.

Market Performance and Technical Outlook

Despite the current rally, PC Jeweller shares have corrected by more than 33% over the past 12 months. The stock is currently trading with a relative strength index of 54, indicating neutral market sentiment. The recent surge comes amid a broader uptick in gold prices, which have seen sharp increases over the past year, making gold an attractive safe haven for investors seeking to escape global market volatility.

Future Growth Strategy

Looking ahead, PC Jeweller has outlined clear strategic priorities focusing on expanding its retail footprint through the new franchisee network and achieving complete debt-free status. The expansion strategy through the CM-YUVA partnership is expected to enhance the company's visibility, scalability, and retail network reach while supporting local economic development.

Note: The financial details provided are provisional and subject to Limited Review by Statutory Auditor.

PC Jeweller has entered into a strategic agreement with CM Yuva Mission, marking a significant corporate development for the diamond, gems and jewellery company.

Strategic Partnership Details

The company has formalized its collaboration through this agreement with CM Yuva Mission. This partnership represents a notable step in PC Jeweller's corporate strategy and business development initiatives.

Corporate Development Impact

This agreement with CM Yuva Mission demonstrates PC Jeweller's focus on building strategic alliances and expanding its collaborative network. The partnership aligns with the company's broader business objectives and represents its commitment to engaging with mission-driven organizations.

The signing of this agreement adds to PC Jeweller's portfolio of strategic initiatives and reflects the company's approach to forming meaningful partnerships that could contribute to its operational framework and market positioning.